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kirza4 [7]
3 years ago
10

1. Read the following scenario and answer the question in 5-10 sentences.

Business
1 answer:
zheka24 [161]3 years ago
6 0
<h2>You can enroll your business and employees with the following insurance viz. </h2><h2>Commercial property insurance, business interruption coverage, inland marine insurance, equipment breakdown insurance, Workers compensation insurance, etc.</h2>

Explanation:

Let us understand why insurance is required in Furnishing manufacturing company.

  • Has both valuable properties as well as flammable substances
  • Employees use heavy machines and sharp tools

So both the employees as well as property is at risk. So we must enroll ourselves in insurance to manage the damages.

  • Commercial property insurance: To protect the building and other materials inside it.
  • Business interruption coverage: This supports us to pay when the work could not be proceeded due to damage caused.
  • Inland marine insurance: This is used to recover from the loss incurred when the product is shipped.
  • Workers compensation benefit: To support the workers when an injury happens or sudden loss of death which happened inside the company premises.
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Explanation:

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2 years ago
United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of com
amid [387]

Answer:

United Resources Company

Stockholders section of the balance sheet at the end of the year:

Common Stock:

Authorized 206,000 shares at $3 par value

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Additional Paid-in Capital

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Total Equity                                                 $950,000

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